Microsoft, Bayer Collaborate To Develop Digital Agricultural Tools, Capabilities

  • Microsoft Corp MSFT and Bayer AG BAYRY BAYZF collaborated on new internet-based products aimed at helping farmers and industries tied to agriculture. The financial terms of the arrangement remain undisclosed.
  • Bayer is partnering with Microsoft to develop digital tools and data science capabilities for agricultural businesses and associated industries. 
  • They aim to help startups to global businesses in farming operations, sustainable sourcing, manufacturing, supply-chain improvement, and measuring environmental, social, and governance efforts.
  • Bayer aims to help companies better process satellite imagery and track farm inputs and practices to follow environmental regulations, Bloomberg reports.
  • Bayer has been investing in more sustainable farming research but sees more work needed to optimize the entire food, feed, fuel, and fiber value chain amid a global push to combat climate change.
  • Bayer will also migrate its digital farming core capabilities to the new infrastructure for its customer-facing solutions. 
  • Price Action: MSFT shares traded higher by 0.77% at $342.12 on the last check Wednesday.
Posted In: NewsTechBriefs